Recent Blog Posts
Your Young Adult Relatives Need A Modest Cash Infusion Now More Than They Need A Big Inheritance Later
Even if you are so old that you do not know the difference between Twitter, Snapchat, Instagram, and Tik Tok, certainly you have heard that young people are anxious and pessimistic about their finances. Yes, you can dismiss the aspirations of those teenagers who aspire to be social media influencers the way that you… Read More »
Should You Give Your Spouse Life Estate In Your House?
You can’t choose your family, and in many families, certain people only tolerate each other for the sake of a close relative that they have in common. When that family member dies, the animosity that stayed barely hidden for all those years tends to come out. If there are any ambiguities or surprises in… Read More »
Estate Planning Is Less Difficult Than You Think
Getting started on your estate plan can be intimidating. These days, most people are having trouble finding encouragement about their financial situation, and when you search for advice about estate planning online, you tend to find the horror stories first. You read about bitter disputes among family members during probate and about creditors and… Read More »
Hybrid Life Insurance: The Best Of Both Worlds
Everything is so expensive these days that it is easy to lose sight of the things that are exceptionally expensive and always has been. Imagine that you are sitting at your local diner, which is packed with retirees, all of whom are grousing about how “egg-flation” has increased the price of the senior breakfast. … Read More »
What Causes Retirees To Run Out Of Savings?
The two goals of estate planning are to have enough money to support yourself in your old age and to be able to leave some assets to your family (or any other chosen beneficiaries) after you die. In other words, your goal is to avoid outliving your savings. Public programs like Social Security and… Read More »
3 Financial Mistakes To Avoid During Retirement
Don’t let the images you see on estate planning websites fool you; retirement is not fabulous or glamorous for most people, but this does not mean that you will never be able to afford to retire. The financial decisions you make now can help put you in a position to enjoy a comparable lifestyle… Read More »
Funding Your Revocable Trust
If you have established a revocable trust, you are probably feeling pretty chuffed with yourself. After all, revocable trusts are one of the most effective ways of keeping your assets from having to go through probate. You might not be rich, but at least you are not enough of a chump to let the… Read More »
Questions To Ask Before Investing In Annuities
Preparing for retirement means setting up one or more guaranteed income streams, but you can only do this with the resources you have. Living off of the interest of your savings is only possible if you are wealthy and interest rates are robust. Jobs that pay you a lifetime pension after retirement are a… Read More »
3 Ways Seniors Can Stay Financially Solvent In The Face Of Inflation
If you have read a news report or a grocery receipt in the past few months, then you know that inflation is the highest it has been since the 1970s, when you were new to the workforce. Younger folks tend to cope with inflation by picking up additional gig work, but that is not… Read More »
For Millennials, Retirement Is A State Of Mind, And So Is Uncertainty
People born in the 1980s are old enough to have had conversations with their parents about the financial decisions their parents made as they approached middle age, and they have come away from those conversations painfully aware that the world is a very different place from what it was a generation ago. Your parents… Read More »